MIMEDX's Advocacy to Rein in Runaway Medicare Spend for Skin Substitutes Has Yielded Significant Results with Planned Implementation of LCDs
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MiMedx Group, Inc. has successfully advocated for changes in Medicare coverage, leading to the exclusion of over 200 unproven skin substitutes from coverage. This change, implemented through revised Local Coverage Determinations (LCDs), is expected to benefit MiMedx as Medicare Administrative Contractors (MACs) focus on clinically effective products.
November 14, 2024 | 2:30 pm
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MiMedx Group's advocacy has led to Medicare excluding over 200 unproven skin substitutes, which is expected to benefit the company as the focus shifts to clinically effective products.
The exclusion of over 200 unproven skin substitutes from Medicare coverage is a direct result of MiMedx's advocacy. This regulatory change is likely to benefit MiMedx as it aligns with the company's focus on clinically effective products, potentially increasing demand for their offerings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100